SALTY PRICE ACTION IN GRAINS
AUDIO COMMENTARY
Super cold weather
Strong action across the grains
Breakout in KC wheat? (chart below)*
It’ll be interesting to see how the cold weather story will play out
Off the charts solid exports
Largest corn exports ever without China
Demand leading the way
Payments coming in Feb
Corn breaking out of range (chart below)*
If you’re on basis contracts get a plan
Don’t get taken advantage of by big ag
Some think we’ll crash into first notice day
No confirmed China corn demand
Could rally into insurance pricing
Beans trying to breakout (chart below)*
Soybean exports catching up
Bearish cattle on feed placements
Targets for grains below audio*
Listen to today’s audio below
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CHARTS & TARGETS
March Corn 🌽
Finally broke out of this tight range we were in.
We are looking to de-risk in the $4.35-37 area.
That is the golden retracement of this USDA sell off.
That level perfectly lines up with our old support as well.
Struggling to break through there would make sense.
Like how the big rally off harvest lows failed at the golden zone up to the Feb highs which also happened to be support from last spring.
Same concept here on a smaller scale.
March Beans 🌱
We are still at a very crucial spot bulls need to break through.
We have not yet cracked this key resistance.
Which is the 23.6% retracement up to the Nov highs. The very first retracement level.
If we break above, not only would this be our first higher high, but it should result in us going to test the next retracement level.
We want to take risk off at the $10.89 to $11.05 levels. The 38.2% and 50% retracements.
That is where this market topped out twice last year as well.
Nov Beans 🌱
Looks pretty solid here.
However, we failed right at the 38.2% retracement level.
If we can break above, it should result in us going to the next level.
We want to de-risk in the golden zone. Which is $10.93 to $11.00
March KC 🌾
Looks great from a technical standpoint. We will have to wait and see how the cold weather story plays out.
But we broke out of the wedge pattern we were sitting in.
We also broke above the golden zone retracement up to the Nov highs. Which is the same level this market failed at several times.
So it looks good here.
We want to take risk off the table in the golden zone up to those June highs.
Past Sell or Protection Signals
Dec 11th: 🐮
Cattle sell signal & hedge alert.
Dec 5th: 🐮
Cattle sell signal & hedge alert.
Nov 17th: 🌱
Soybean sell signal & hedge alert.
Nov 13th: 🌽 🌱
Managing risk in corn & beans ahead of USDA report.
Oct 28th: 🌽
Corn sell signal & hedge alert.
Oct 27th: 🌱
Soybean sell signal & hedge alert.
Oct 13th: 🐮
Cattle sell signal & hedge alert.
Aug 22nd: 🌱
Soybean sell signal & hedge alert.
July 31st: 🐮
Cattle sell signal & hedge alert.
July 10th: 🐮
Cattle sell signal & hedge alert.
CLICK HERE TO VIEW
June 5th: 🐮
Cattle sell signal & hedge alert.
June 2nd: 🌾
MPLS wheat sell signal.
April 10th: 🌽
Old crop corn sell signal.
March 19th: 🐮
Cattle hedge & sell signal.
Feb 18th: 🌽 🌾
Old crop KC wheat & old crop corn signal.
Jan 23rd: 🌽 🌱
Corn & beans old crop sell signal.
CLICK HERE TO VIEW
Jan 15th: 🌽 🌱
Corn & beans hedge alert/sell signal.
Jan 2nd: 🐮
Cattle hedge alert at new all-time highs & target.
Dec 11th: 🌽
Corn sell signal at $4.51 200-day MA
CLICK HERE TO VIEW
Oct 2nd: 🌾
Wheat sell signal at $6.12 target
Sep 30th: 🌽
Corn protection signal at $4.23-26
Sep 27th: 🌱
Soybean sell & protection signal at $10.65
Sep 13th: 🌾
Wheat sell signal at $5.98
May 22nd: 🌾
Wheat sell signal when wheat traded +$7.00
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